Blockchain will revolutionize not only the way grain is traded, but also the way most transactions are conducted, according to Peter Vincent, chief technology officer and co-founder of Grain Discovery. The company plans to launch an online grain trading platform using a blockchain system called Hyperledger for corn, wheat and soybeans in June 2019. The […] Read more
Tag Archives Business/Finance — page 14
Reaping potential grain profits with blockchain
An Ontario project will explore the potential of the secure system to increase grain trading efficiency and transparency
Clean Seed adds a planter by acquiring Harvest International
Clean Seed is strong on the digital side, with Harvest International making planter components
A couple of years ago, Clean Seed Capital finally introduced the CX6 seed drill that the company had let farmers know was coming down the pike. Now with two years of CX6 production under its belt, Clean Seed is expanding its manufacturing footprint. In July the company announced it had acquired U.S.-based Harvest International, a […] Read more
Editorial: The market’s knife edge
We like to think that markets are rational — that they independently move up and down based on fact, not emotion. But when they are confused, or befuddled by signals that haven’t been there before, they can be downright unpredictable. A recent Farm Credit Canada look at 30 years of data around market volatility shows […] Read more
Weather makes for different corn harvest conditions in Ontario and the U.S.
American farmers are close to finished corn harvest, compared to Ontario farmers waiting for clearer weather
Adverse rains have hindered harvest progress across Ontario. Farmers have harvested approximately 75 per cent of the soybeans and 25 per cent of the corn. Yield reports are slightly higher than expected and total production will likely finish above the recent Statistics Canada estimates. Vomitoxin appears to be quite prevalent on the early corn samples […] Read more
Ontario ag data providers partner with Climate FieldView
Climate FieldView has added two more local partners. Farmers can now load information from SoilOptix and A&L Laboratories into Climate FieldView and use that information to deepen their analysis with the crop production management tool. “Our goal from a supporting farmer perspective and those who help them is about getting all their data in one […] Read more
Agricultural innovation incubators get another year of funding
Bioenterprise invests in early-stage businesses, especially in agriculture and food
Two innovation incubators have received additional funding to support early-stage businesses and entrepreneurs and especially those in agriculture and food. Bioenterprise Corporation and its delivery partner Innovation Guelph were awarded $2.28 million by FedDev Ontario to deliver the Bioenterprise Seed Fund and Innovation Guelph’s Fuel Injection program which provides seed funding and access for specialized […] Read more
John Deere adds more options to 9R, RT and RX Series tractors
More track choices and a hydraulic upgrade for the 2019 models of these high-horsepower tractors
For the upcoming model year, John Deere 9R, 9RT and 9RX tractors will be available with a wider range of track options along with upgraded hydraulics. A Generation 4 CommandCentre package will also come as standard equipment. For the first time, Deere will offer a 120-inch (3.05 metre) track spacing option on 9470RX, 9520RX, 9570RX […] Read more
China-U.S. trade dispute likely to drag on, affecting price
U.S. ethanol policy change could increase demand by two billion bushels
Ontario farmers have harvested 60 per cent of the soybeans and 25 per cent of the corn as of Oct. 21. American farmers have combined 49 per cent of the corn and 53 per cent of the soybeans. The seven- to 10-day forecast calls for seasonal temperatures with limited precipitation, which should allow producers to […] Read more
Price volatility means export challenges
Farm Credit Canada study covering 30 years shows most agriculture exports drop during periods of volatility
A Farm Credit Canada analysis of 30 years of trading showed that during periods of price volatility, Canadian exports usually decline to most markets. Prices for soybeans, beef and pork are particularly volatile during periods driven by trade tensions – as are being seen right now. That doesn’t bode well for producers of those commodities […] Read more
DowDuPont to take $4.6 billion charge in agriculture unit
The company says low commodity prices and larger inventories could cause farmers to buy less advanced seed
Reuters – DowDuPont Inc. said Oct. 18 it would write down the value of its agriculture business by $4.6 billion when it reports third-quarter results, as global seed makers face shifts in demand linked to the U.S.-China trade war. The charge sent DowDuPont shares down as much as six per cent in extended trading. Why […] Read more
Cyber-Savvy Farmer
